REG - Prudential PLC - Dividend Declaration

PrudentialAnnouncement

20/03/2025 07:15

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RNS Number : 3778B  Prudential PLC  20 March 2025

 

Prudential plc - Second Interim Dividend

 

Prudential plc ("Prudential") has today announced its 2024 second interim
dividend of 16.29 US cents per ordinary share (the "Dividend").

 

Shareholders holding shares on the UK or Hong Kong share registers will
receive their dividend payments in either pounds sterling or Hong
Kong dollars respectively, unless they elect to receive dividend payments in
US dollars. Elections for US dollar payments must be made through the
relevant UK or Hong Kong share
registrar on or before 22 April 2025. Further information is available at
https://www.prudentialplc.com/en/‌investors/shareholder-information/dividend/dividend-currency-election
(https://www.prudentialplc.com/en/%E2%80%8Cinvestors/shareholder-information/dividend/dividend-currency-election)
. The corresponding amount per share in pounds sterling and Hong
Kong dollars is expected to be announced on or around 28 April 2025. The US
dollar to pound sterling and to Hong Kong dollar conversion rates will be
determined by the actual rates achieved by Prudential buying those currencies.

 

Holders of American Depositary Receipts ("ADRs") will receive their dividend
payments in US dollars through the ADR Depositary, which is in the process of
transitioning from JPMorgan to Citi. Shareholders holding an interest in
Prudential shares through The Central Depository (Pte) Limited ("CDP")
in Singapore ("Singapore Shareholders") will receive their dividend payments
in Singapore dollars at the prevailing market exchange rate.

 

All shares bought back by Prudential awaiting cancellation on the Record Date
(as defined below) are not eligible for the 2024 second interim dividend.

 

A scrip dividend alternative will be offered in respect of the 2024 second
interim dividend in accordance with Evergreen Scrip Dividend Scheme Terms and
Conditions available on Prudential's website at
https://www.prudentialplc.com/en/investors/shareholder-information/dividend/scrip-dividend
(https://www.prudentialplc.com/en/investors/shareholder-information/dividend/scrip-dividend)
. As with the 2024 first interim dividend, the scrip dividend alternative will
involve the issuance of relevant new ordinary shares on the Hong Kong line
only. Prudential will make available a share dealing facility (the "Dealing
Facility") to enable shareholders who are not able to hold their shares on the
Hong Kong line to participate in the scrip dividend alternative.

 

Unless a shareholder has an existing scrip dividend mandate in place,
elections for the scrip dividend alternative must be received by the deadlines
specified in the timetable below. In particular, shareholders holding shares
through CREST or an intermediary / CCASS, or Singapore Shareholders who cannot
apply for a permanent election, will need to complete a scrip dividend
election by the relevant deadline specified below, as their past elections
will not be captured.

 

Prudential will apply to the Financial Conduct Authority, the Listing
Committee of the Hong Kong Stock Exchange ("HKEX") and the Singapore Exchange
Securities Trading Limited ("SGX") for the new shares to be listed, and to the
HKEX, London Stock Exchange ("LSE") and SGX for the shares to be admitted to
trading on the HKEX, LSE and SGX.

 

Shareholders on the UK register have the option of participating in the
Dividend Reinvestment Plan (DRIP) instead of the scrip dividend alternative,
which enables shareholders to invest their cash dividend directly in the
purchase of Prudential's shares in the market. Further information on the DRIP
is available at
https://www.prudentialplc.com/en/investors/shareholder-information/dividend/dividend-reinvestment-plan
(https://www.prudentialplc.com/en/investors/shareholder-information/dividend/dividend-reinvestment-plan)
.

 

2024 second interim dividend timetable

 

 Ex-dividend date                                                               27 March 2025 (Hong Kong, UK and Singapore) (the "Ex-Dividend Date")
 Record date                                                                    28 March 2025 (the "Record Date")
 Announcement of Scrip Reference Price((1))                                     2 April 2025
 Expected publication of mandate forms                                          On or around 3 April 2025 (Hong Kong)

                                                                                On or around 4 April 2025 (Singapore)

                                                                                Mandate forms for UK shareholders are available to download on Prudential's
                                                                                website.
 Deadline for receipt of currency elections                                     5.00pm (UK time) (UK) or 4.30pm (Hong Kong time) (Hong Kong)((2)) on 22 April
                                                                                2025
 Deadline for receipt of scrip dividend elections                               5.30pm (Singapore time) (Singapore) on 10 April 2025

                                                                                5.00pm (UK time) (UK) or 4.30pm (Hong Kong time) (Hong Kong)((2)) on 22 April
                                                                                2025

                                                                                (the "Election Deadline Date", as applicable)
 Deadline for receipt of DRIP elections                                         5.00pm (UK time) (UK) on 22 April 2025
 Announcement regarding issue of new shares pursuant to scrip dividend          On or around 25 April 2025
 alternative
 Pound sterling and Hong Kong dollar amount per share announced                 On or around 28 April 2025 (the "Exchange Rate Date")
 Payment date, when cash dividends are paid and applicable CCASS accounts are   14 May 2025 (Hong Kong, UK and ADR holders)
 credited with new scrip shares (other than scrip shares to be sold under the

 Dealing Facility((3)))

                                                                                On or around 21 May 2025 (Singapore)

                                                                                (the "Dividend Payment Date", as applicable)

 

Notes:

 

(1)   The price used to calculate the number of new ordinary shares offered
under the scrip dividend alternative is the average middle-market price of the
shares of Prudential on the LSE over a five-day dealing period commencing on
the Ex-Dividend Date and converted to US Dollars using the mid-point WMR spot
exchange rates quoted by Bloomberg in London at or around 11.00am on 2 April
2025.

 

(2)   The latest time for returning the mandate form by Hong Kong
shareholders will be extended, as the case may be, in accordance with (a) and
(b) below if a tropical cyclone warning signal number 8 or above, or "extreme
conditions" announced by the Government of Hong Kong, or a "black" rainstorm
warning signal is in force in Hong Kong (all times Hong Kong time):

 

a.  at any time before 12.00 noon and no longer in force after 12.00 noon on
Tuesday, 22 April 2025, in which case the latest time for the return of the
mandate form will be extended to 5.00pm on the same business day; or

 

b.  at any time between 12.00 noon and 4.00pm on Tuesday, 22 April 2025, in
which case the latest time for the return of the mandate form will be extended
to 4.30pm on the next business day where none of the above warnings is in
force at any time between 9.00am and 4.00pm.

 

(3)   Distribution of sale proceeds to shareholders (holding their shares on
the UK share register) participating in the scrip dividend alternative via the
Dealing Facility will be made within 14 Hong Kong trading days of the
completion of the sale of the relevant shares.

 

Elections for shares held on the UK share register via CREST

 

On 31 March 2025, Prudential's registrar, Computershare Investor Services PLC
("Computershare"), will distribute Electronic Election Entitlements (EEEs)
(Interim ISIN code GB00BV0V0321) to all Prudential shareholders holding shares
on the UK share register through CREST on the Record Date. To make an election
via EEEs, shareholders holding through CREST will be required to transfer an
appropriate number of entitlement shares into a CREST member account via an
Unmatched Stock Event ("USE") transaction. There will be a separate account
designated to each option, and these details will be made available in the
CREST system.

 

Elections via CREST should be received by Computershare no later than 5.00pm
(UK time) on 22 April 2025. If the USE is not settled by such deadline, the
dividend will be paid in cash in the default currency. Shareholders holding
through CREST will need to ensure that their election is made to the
appropriate CREST Member Account as detailed in the Corporate Action event
that will be made available in the CREST system by Euroclear UK &
International Limited ("Euroclear") against the Interim ISIN Code
GB00BV0V0321.

 

An election via CREST will not apply in respect of future dividends as
Euroclear will centrally delete all existing dividend election instruction
messages submitted on Prudential ordinary shares prior to the Record Date.
Therefore, in order to avoid automatically receiving the cash dividend in its
default currency, elections will need to be made via the Dividend with Options
(DWO) for the 2024 second interim dividend and every future dividend.

 

Registrars' contact details

 

 Register                                                               Contact details

 UK register:                                                           The Pavilions, Bridgwater Road, Bristol, BS99 6ZY, United Kingdom.

 Computershare Investor Services PLC

                                                                        Telephone: +44 (0)370 707 1507

                                                                        Lines are open from 8.30am to 5.30pm (UK time), Monday to Friday excluding
                                                                        weekends and bank holidays.

 Hong Kong register: Computershare Hong Kong Investor Services Limited  17M Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong.

                                                                        Telephone: +852 2862 8555

                                                                        Lines are open from 9.00am to 6.00pm (Hong Kong time), Monday to Friday
                                                                        excluding weekends and bank holidays.

 Singapore register                                                     Shareholders who have shares standing to the credit of their securities
                                                                        accounts with the CDP in Singapore may refer queries to the CDP.

                                                                        Enquiries regarding shares held in Depository Agent Sub-accounts should be
                                                                        directed to your Depository Agent or broker.

                                                                        Email: asksgx@sgx.com (mailto:asksgx@sgx.com)

                                                                        Telephone: +65 6535 7511

                                                                        Lines are open from 8.30am to 5.00pm (Singapore time), Monday to Friday
                                                                        excluding weekends and public holidays.

 ADRs                                                                   Citibank Shareholder Services, P.O. Box 43077, Providence, RI 02940-3077^.

                                                                        Telephone:      +1 877 248 4237 (toll free within the United States)

                                                                        +1 781 575 4555 (for international callers)

                                                                        Email: citibank@shareholders-online.com
                                                                        (mailto:citibank@shareholders-online.com)

 

^ The ADR Depositary is in the process of transitioning from JPMorgan to Citi
with the effective date to be confirmed.

 

Contacts

 

 Media                             Investors/Analysts
 Simon Kutner  +44 (0)7581 023260  Patrick Bowes       +852 9611 2981
 Sonia Tsang   +852 5580 7525      William Elderkin    +44 (0)20 3977 9215
                                   Darwin Lam          +852 2918 6348

 

About Prudential plc

 

Prudential plc provides life and health insurance and asset management in 24
markets across Asia and Africa. Prudential's mission is to be the most trusted
partner and protector for this generation and generations to come, by
providing simple and accessible financial and health solutions. The business
has dual primary listings on the Stock Exchange of Hong Kong (2378) and the
London Stock Exchange (PRU). It also has a secondary listing on the Singapore
Stock Exchange (K6S) and a listing on the New York Stock Exchange (PUK) in the
form of American Depositary Receipts. It is a constituent of the Hang Seng
Composite Index and is also included for trading in the Shenzhen-Hong Kong
Stock Connect programme and the Shanghai-Hong Kong Stock Connect programme.

 

Prudential is not affiliated in any manner with Prudential Financial, Inc. a
company whose principal place of business is in the United States of America,
nor with The Prudential Assurance Company Limited, a subsidiary of M&G
plc, a company incorporated in the United Kingdom.

 

The ISIN code for the ordinary shares of Prudential is GB0007099541 and the
TIDM code is PRU.

( )

https://www.prudentialplc.com/ (https://www.prudentialplc.com/)

 

 

 

 

 

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